Phnom Penh (FN), Sep. 16 – Chief (Cambodia) Commercial Bank Plc. has introduced the CHIEF CHILD Account, a specialised savings product aimed at providing children under the age of 18 with early exposure to financial management. This initiative is part of the bank’s broader commitment to promoting financial literacy among Cambodia's younger generation.
Soeung Morarith, Chief Executive Officer (CEO) of Chief Bank, emphasised the importance of early financial education. "We believe that teaching financial skills from a young age is crucial for fostering responsible money management habits. The CHIEF CHILD Account is designed to provide both security and growth for children's savings while giving parents the tools to manage their funds effectively."
Competitive Interest Rates and Flexible Features
The CHIEF CHILD Account offers an attractive 3.70 per cent interest rate for US Dollar accounts. It operates as a savings account without an ATM card, ensuring that parents or guardians have full control over the management of the funds. Additionally, a passbook is provided during account opening, allowing easy tracking of all transactions.
The account has a six-month locking period, after which unlimited deposits and transfers are allowed by the parent or guardian. Interest is calculated daily and credited to the account monthly, providing steady growth for long-term savings.
Fostering Financial Responsibility
Chief Bank views the CHIEF CHILD Account as an important tool for fostering financial responsibility from an early age. By providing children with a structured and secure savings option, parents can instill key financial principles in their children, such as the value of saving and the importance of planning for the future.
Through products like the CHIEF CHILD Account, Chief Bank continues to support financial education initiatives in Cambodia, empowering future generations with the tools they need for long-term financial success.
Customers interested in these services are encouraged to visit the nearest Chief Bank branch for further assistance. The bank continues to prioritize customer satisfaction by offering services that align with their financial needs and expectations.
Find Out More: https://www.chiefbank.com.kh/en/Products/CHIEFChildAccount
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